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. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >> try to stay calm. >> reporter: taking stock of the damage came next. sitting just above the bay, many in town took a hit. >> my building took a big beating. it's the worst i've seen. >> clearly, krisfield took it the hardest. a lot of people have been swamped out of their home. >> reporter: after seeing their damage, the governor asked for federal disaster relief. federal help won't be coming to homeowners and businesses does because not enough damage could be done. it is not based upon the trauma to the individual. >> we need help. we need help. we cannot do it. >> reporter: the reason, many who lost furnaces, first floors, and roo
. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >>...
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Dec 6, 2012
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 6, 2012
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i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserve
i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style....
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 6, 2012
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it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for rea
it actually blamed the fiscal cliff in part, as well as super storm sandy. the ceo said consumers were distracted by the cliff. the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally,...
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Dec 6, 2012
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forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that what's they are arguing. >> reporter: that's what they are arguing. but the president wants higher tax rates on the rich web's standing firm on that. the republicans are not going to say caved but they agreed to $800 billion in extra tax revenues over 10 years. so yes a tax increase is coming in one form or another. and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in
forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that...
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unemployment applications spiked last month after hurricane sandy to almost a half million in the week of november 10th. >> accompanied by prince william, kate middleton left a london hospital for treatment of acute morning sickness. she will continue her treatment at buckingham palace. >> and there was this prank call to the hospital. >> that doesn't even sound -- i mean, that's ridiculous. the nurse ended up giving up personal information and the d.j.s say they never thought their fake accents would fool anyone. >> jovan belcher's daughter will get about $1 million from the nfl. the linebacker killed her mother and then killed himself. she will keep getting paid if she goes to college. right now her grandmother is caring for her. >> kobe bryant made history last night. he is the youngest player ever to score 30,000 points. he's only 34 years old. now he's in a very exclusive club. just four our guys have hit 40,000, kareem abdul-jabbar, michael jordan and wilt chamberlain. >> and why is this dog out for a sunday drive? we'll show you in "down to the wire" coming up in 15 minutes. >>
unemployment applications spiked last month after hurricane sandy to almost a half million in the week of november 10th. >> accompanied by prince william, kate middleton left a london hospital for treatment of acute morning sickness. she will continue her treatment at buckingham palace. >> and there was this prank call to the hospital. >> that doesn't even sound -- i mean, that's ridiculous. the nurse ended up giving up personal information and the d.j.s say they never thought...
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...
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hurricane sandy was just devastating to everybody in the tristate area but broadway was badly hit. all the shows like "jersey boys," that sort of thing, " mamma mia!" " they will be fine, advanced sales. nobody really recovered, the new shows, "chaplin," i think "the anarchist" closing. performers all closing. >> never really know if something's over, we should point out. >> somebody sent me a note today that said just when you think something's over it's actually beginning. it was i guess louis la more once said that i want to encourage everybody to go, if you are in town, in new york, go see some of these shows that are -- they are here for a short time, means the world for our performers to have people in the audience. it -- lots of great shows out there. give it a chance and to every body that has come to see it and loved it and stood and cheered, god bless you. thank you for coming. it has taken awhile to find our audience, because nobody knows what our show was. you know what's happening now, kind of the sad part about it people are coming back second, third, fourth and fifth
hurricane sandy was just devastating to everybody in the tristate area but broadway was badly hit. all the shows like "jersey boys," that sort of thing, " mamma mia!" " they will be fine, advanced sales. nobody really recovered, the new shows, "chaplin," i think "the anarchist" closing. performers all closing. >> never really know if something's over, we should point out. >> somebody sent me a note today that said just when you think...
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later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who ar
later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement...
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Dec 6, 2012
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estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in yen terms over the course of the last two months you are profitable. somebody owns gold in dollar terms is down several points. gold is nothing more than another currency, crossed against other currencies and there's nothing spectacular about gold, it's just a currency. >> call it a slick slide for oil, crude falling 2% nearing its lowest level in three weeks. for more let's go to jackie deangelis, the host of "futures now." >> crude having a tough day, the question is why. look at this chart dollar strength is causing major pain for oil, our question today is there more to selling than just the dollar rally? let's
estimation now trading in the low 50s, moves to the upper 50s, it's digesting the negativity surrounding sandy and its geographic location well. they've got the cash in hand to fund this. this is a solid company. >> dennis gould is sitting at 1700, not talking about a special dividend here but is it going to pay dividends to own gold? >> i think owning gold in dollars has been a bad trade for a while. i'm bullish for gold in non-u.s. dollar terms, in yen terms and if you own gold in...
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back to work address our infrastructure problems, underscore it by what happened in the northeast with sandy and the commitment between a new jersey governor and the president of the united states, you know, that we can work together to rebuild the infrastructure, streamline regulations, jobs are neither democrat or republican. it's all about helping the american people out. but they're not here to do that. >> congressman, let me ask you this. house democrats, many democrats nancy pelosi and others have been vehicle toll say we don't need to give that much if there is a deal. that democrats they won the election, president obama campaigned on many things that he's pushing. one, do you agree? number two, what role, if that is the role of house democrats what role can house democrats play in influencing that process since this is being cast as president obama and john bain somewhere nobody else. >> the role that the house democrats have played all along that is we continue to put forward an agenda that is acceptable to all sides. as i mentioned, jobs, first and foremost. back home, chris, they
back to work address our infrastructure problems, underscore it by what happened in the northeast with sandy and the commitment between a new jersey governor and the president of the united states, you know, that we can work together to rebuild the infrastructure, streamline regulations, jobs are neither democrat or republican. it's all about helping the american people out. but they're not here to do that. >> congressman, let me ask you this. house democrats, many democrats nancy pelosi...
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jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels
jobless claims coming in, down and this number should be essentially clean of sandy effects, so finally a clean read as to the claims aspect. but it doesn't look like, jim, that we are set for a lower open today. >> carl pointed out that maybe there's some room between sides. but, look, yesterday was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now....
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. >> i'm looking to see what kind of impact sandy had on those numbers and maybe fiscal cliff holding some employers back tomorrow. >> so bad news? >> we'll see. >> for now we all know the siren mogul. >> but the ceo, howard schultz, some sobering advice to offer on the looming fiscal cliff. the consequences will be worse than last area's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. you've got to do the right thing for the american people. >> i think if people would get in the room and leave their ego behind and not be so skewed towards the party, but be so sensitive to the lens to have the american people, we will have an agreement. >> poppy harlow joins us now with more of her conversation with howard schultz. much of the conversation has been about, you know, what's the best thing to do for this country, but it's a globe -- he says the whole world is watching. >> yeah, that it has massive consequences for the entire world. but you want to ask someone like howard schultz who ru
. >> i'm looking to see what kind of impact sandy had on those numbers and maybe fiscal cliff holding some employers back tomorrow. >> so bad news? >> we'll see. >> for now we all know the siren mogul. >> but the ceo, howard schultz, some sobering advice to offer on the looming fiscal cliff. the consequences will be worse than last area's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the...